On May 22, Huaqin Technology (03296.HK) rose 9.03% in regular trading, trading at HK$78.8/share, with trading volume of approximately HK$15.42 million.

On the news front, the rally was driven by a confluence of positive catalysts. The broader computing hardware sector surged as NVIDIA supply chain beneficiaries rallied sharply, with peer Lenovo Group up over 10% and Legend Holdings up nearly 10%. Huaqin Technology, identified as a key NVIDIA AI server original design manufacturer and among the first to achieve mass production of NVIDIA H20 chip servers, is positioned as a core beneficiary of the global AI infrastructure buildout, with data center revenue expected to exceed RMB 400 billion.

Additionally, the company was officially added to the Shanghai-Shenzhen Hong Kong Stock Connect on May 21, opening the southbound capital channel for mainland investors. Morgan Stanley continued to increase its stake to 7.03%, signaling strong institutional confidence. The company also recently completed the acquisition of a 5% stake in Nexchip, raising its total holding to 11%, deepening its semiconductor supply chain positioning.

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